Word: petersons
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...long ago, means testing was a notion embraced mostly by small political journals and policy wonks swimming in think tanks. But respectability came as the bipartisan cut-the-deficit Concord Coalition and investment banker Pete Peterson pushed schemes that would trim federal subsidies in gradual steps for families earning above about $40,000 a year. The new mood is reflected by Deputy Treasury Secretary Roger Altman, who declared recently, "Means testing in selected areas is an idea whose time has come...
...students. "Silvia and the Phantom"at 5:30 p.m. An adolescent girl who lives in anold castle fully believes herself in love with theresident ghost. "Perfumed Nightmare" at7:30 p.m. A semi-autobiographical fable by a youngPhilippino about his awakening to, and reactionagainst, American cultural colonialism. "JamesBroughton and Sidney Peterson...
...budgetary math, Ross Perot can be credited with getting people to think seriously about deficit cutting. Even more earnest thinking is now coming from the Concord Coalition, a year-old group headed by three men safely out of the Election Day line of fire: Nixon-era Commerce Secretary Pete Peterson and two ex-Senators, Warren Rudman of New Hampshire and Paul Tsongas of Massachusetts, whose presidential campaign peaked on the eat-your-spinach message that everyone must sacrifice to bring the deficit down. Claiming 100,000 followers in 50 states, they aim to make it easier for politicians to make...
...economy, they say, that will require a radical retrenchment on the entitlements -- mostly Social Security, Medicare and farm-support payments -- that make up more than half of all federal spending. In a new book, Facing Up: How to Rescue the Economy from Crushing Debt & Restore the American Dream, Peterson holds out the bitter pill. "We can't do it without the middle class and we can't do it without going at entitlements head...
...group's proposed cuts for retirees violate the trust of people who paid into Social Security and Medicare for years. The Concord argument rests strongly on a moral plea of its own: older Americans should not burden their children and grandchildren with the task of paying off the debt. Peterson likes to quote Thomas Jefferson's observation to James Madison that passing on debt to future generations is "swindling futurity." Is it possible to make seniors sit still for such talk? Perhaps it is. The sky didn't fall when Congress approved the Clinton proposal to tax higher-income retirees...